building ethics in construction partnerships pdf

We analyze both the prerequisites for establishing an international/domestic partnership and the impact of such participation on the behaviors and innovation strategies of a firm. In this paper, we present a preliminary empirical analysis of the impact of network participation on the technological upgrading and innovation activities of Russian manufacturing firms. Foreign and domestic networks may also serve as additional sources of information flows and promote the direct and indirect acquisition of relevant valuable information about foreign markets.

Competition and formal contracts may be important but are not the only mechanisms that facilitate innovations. Various channels exist to acquire new knowledge, including investment in a firm’s own R&D and innovation, acquisition of new equipment, attraction of FDI, etc. To compete internationally, many firms must significantly modernize their technologies and introduce new products. Russia’s increased participation in the global economy since its accession to the WTO not only provides new opportunities but also creates new challenges for Russian firms.

The paper presents the main results of an empirical research, devoted to analyses of international companies‘strategies and factors, affecting strategic choice and implementation process in the Russian market. Strategy development and implementation together with stable network relations define company‘s success in a new market. The strategic process is influenced by a number of factors, such as institutional and sociopolitical, and also business-sector specifics and national culture. The choice of an international strategy defines a company‘s priorities on partnership development, which are necessary for a quicker understanding of new markets‘ features, and also for decreasing strategic and commercial business risks. International operations give companies an opportunity to use their resources more efficiently and simultaneously the internationalization processes increase a firm‘s risks and strategic problems. Globalization and growing competition force companies to look for new markets for their business.

Building ethics in construction partnerships pdf